Northeast
MHN Interview: Rose Associates’ Unique Approach to Developing The Sheffield
MHN talks to Jack Levy of Rose Associates, who explains why, unlike with most buildings, The Sheffield’s amenities were developed last.
TODAY'S DEALS: Praedium, Grubb Acquire Charlotte Asset
The Praedium Group and Grubb Properties buy a 456-unit community; IRET acquires two properties in Lincoln, Neb.; and NorthMarq Capital arranges a seven-year, $26.4 million mortgage through Freddie Mac.
Report Reveals Favorable Multifamily Prospects For the Foreseeable Future
A recent report by TD Economics, an affiliate of TD Bank, confirms the generally positive state (for landlords) of the U.S. multifamily housing market.
Accelerated Marketing Partners Collecting Sealed Bids for Jersey Shore Properties at Coastal Colors
Accelerated Marketing Partners will conduct a sealed-bid auction for the last three remaining luxury townhomes at Coastal Colors, an oceanfront resort community in Wildwood Crest, N.J.
Condo Finds Success By Appealing to Adults and Their Children
The Corcoran Sunshine Marketing Group recently announced sales over $59 million at 515 East 72, a luxury condo building on the Upper East Side.
Report Sees Greater South Atlantic Development Opportunity
Construction activity slumped markedly during the recession, resulting in good near-term opportunity for increased building of multifamily housing in every state.
Tryko Partners Acquires HUD-Subsidized Seniors Housing
The multifamily portfolio of Tryko Partners has grown again, with the acquisition of Levittown, Pa.’s Galilee Village, a 170-unit property that provides HUD-subsidized apartment living for independent older adults.
Flushing's Sky View Parc Passes Half-Way Mark
Demand is relatively strong, supply relatively weak. That’s the state of the condo market in New York now, and that goes for places like Brooklyn and Queens as well as Manhattan.
Staten Island Condos Out of the Gate Running
The appetite for condos in New York has been reviving lately, with new product moving at a quicker pace than since before the recession, according to brokers in the trenches.
Fifth Avenue Gets More Luxurious
Manhattan is famous for its skyscrapers, but these are usually office buildings. But with the launch of 1214 Fifth Avenue, which has 53 stories, the Upper East Side is getting its tallest luxury rental building.